The silver buyers were out in force at my local, small town coin shop on Saturday.
I stopped in, mainly to look around, and to kill some time. As usual, the shop was busy.
In the short ten minute time frame that I was in the shop:
*One guy and his wife bought 15 90% halves, and as he was paying, told the shop owner, "I'll go ahead and take this stack too". Not sure how many was in that stack, but there was more than half a roll, making his buy at least 25 90% halves.
*Another guy immediately took his place at the counter, and bought 10 Morgans for a total of $290.
*One other customer was in deep negotiations over Morgans. There were at least 200 Morgan dollars on the counter, and it appeared that he was going to buy, at minimum, 100 of those.
*The phone rang, and the shop owner answered, then said "I'm short on rounds right now, but I do have a few 2012 ASE's I can hold them for you until 2:00 today...they are in hot demand."
*One last customer was wanting to look at silver, but was waiting until the other customers left the counter.
Not sure why I'm posting this, except maybe to say that sometimes, when you hear all the bears say that the bottom is falling out of the silver market, it is hard to remember that hardworking people are still plunking down cold hard cash for silver...and they must believe that it is still a good investment vehicle.
I stopped in, mainly to look around, and to kill some time. As usual, the shop was busy.
In the short ten minute time frame that I was in the shop:
*One guy and his wife bought 15 90% halves, and as he was paying, told the shop owner, "I'll go ahead and take this stack too". Not sure how many was in that stack, but there was more than half a roll, making his buy at least 25 90% halves.
*Another guy immediately took his place at the counter, and bought 10 Morgans for a total of $290.
*One other customer was in deep negotiations over Morgans. There were at least 200 Morgan dollars on the counter, and it appeared that he was going to buy, at minimum, 100 of those.
*The phone rang, and the shop owner answered, then said "I'm short on rounds right now, but I do have a few 2012 ASE's I can hold them for you until 2:00 today...they are in hot demand."
*One last customer was wanting to look at silver, but was waiting until the other customers left the counter.
Not sure why I'm posting this, except maybe to say that sometimes, when you hear all the bears say that the bottom is falling out of the silver market, it is hard to remember that hardworking people are still plunking down cold hard cash for silver...and they must believe that it is still a good investment vehicle.
